Earnings season in the US is officially over, but that didn't stop Home Depot's quarterly results from impacting the market today

Earnings season in the US is officially over, but that didn't stop Home Depot's quarterly results from impacting the market today. As the world's largest home improvement retailer, HD results are closely tied to the US housing market. While the company's results were worse than expected, HD blamed the harsh winter for lower revenues. What's important is that the company does not believe the disappointing quarter was due to a housing slowdown. In fact, HD says that May gains have been robust and there's no evidence the housing recover is running out of steam. That's certainly good news for the economy, as some analysts have concerns that a housing slowdown could derail overall economic growth. At least for now, it doesn't seem to be the case. (VIEW LINK)